The baht opened at 33.30 to the US dollar on Thursday, strengthening from Wednesday’s closing rate of 33.35. The Thai currency is likely to move between 33.20 and 33.40 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that foreign investors might sell Thai stocks due to the Asian market which would […]
Read MoreThe government is being urged to beef up its efforts to boost shipments and promote food and beverage products, now that the two sectors are found to have generated the most income for the nation. According to Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office (TPSO), his office’s latest study has found that […]
Read MoreThe Industry Ministry expects to revise the manufacturing production index (MPI) growth for 2021 up from 4-5% next month, following positive sentiments from the planned reopening of Thailand and the revived global economy. GDP in the industrial sector was also earlier predicted to grow by 3-4% this year. “The government has sped up giving Covid-19 […]
Read MoreSenate Democrats announced a 15% minimum tax on large companies’ income on Tuesday, winning support from a key moderate lawmaker, as they try to generate enough money to pay for President Biden’s social-spending and climate-change agenda. Sen. Kyrsten Sinema (D., Ariz.) endorsed the proposal, after balking at other forms of tax increases. Her objections in […]
Read MoreTourism operators have called for reciprocity on Thailand’s reopening scheme, urging the government to launch travel bubbles with other countries to completely remove quarantine on both sides. Suthiphong Pheunphiphop, president of the Thai Travel Agents Association (TTAA), said the Nov 1 reopening scheme without quarantine and area restrictions for 46 countries will also enable Thai […]
Read MoreKasikorn Research Center (KResearch) has upgraded its 2021 economic growth projection to an expansion of 0.2% from the previously forecast 0.5% contraction, and with the projection of next year’s growth at 3.7%. Possible risk factors next year include high oil prices and inflation. KResearch holds the view that the economy in 2021 should post higher […]
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